Lam Research Corp (Symbol: LRCX) has been named a Top Socially Responsible Dividend Stock by Dividend Channel, signifying a stock with above-average ''DividendRank'' statistics including a strong 2.1% yield, as well as being recognized by prominent asset managers as being a socially responsible investment, through analysis of social and environmental criteria. Environmental criteria include considerations like the environmental impact of the company's products and services, as well as the company's efficiency in terms of its use of energy and resources. Social criteria include elements such as human rights, child labor, corporate diversity, and the company's impact on society — for instance, taken into consideration would be business activities tied to weapons, gambling, tobacco, and alcohol.
According to the ETF Finder at ETF Channel, Lam Research Corp is a member of the iShares USA ESG Select ETF (SUSA), making up 0.27% of the underlying holdings of the fund, which owns $4,340,736 worth of LRCX shares.
The annualized dividend paid by Lam Research Corp is $4.6/share, currently paid in quarterly installments, and its most recent dividend ex-date was on 03/24/2020. Below is a long-term dividend history chart for LRCX, which the DividendRank report stressed as being of key importance. Indeed, studying a company's past dividend history can be of good help in judging whether the most recent dividend is likely to continue.
LRCX operates in the Industrial Machinery & Equipment sector, among companies like Illinois Tool Works, Inc. (ITW), and Deere & Co. (DE).
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
